Asked by Jason Newell, 98446 • Sun Jan 29, 2012
We are first time home buyer's looking for a home. I've been doing a lot of research and one thing that was given as advice was to get a buyer's agent so that you have someone looking out for your best interests. I was under the impression that you pay the agent yourself. Doing some research, it seems like the agent actually splits the commission with the seller's agent. Doesn't this defeat the purpose of having a buyer's agent? How can I expect an agent to be looking out for MY best interests if their pay is based on a percentage of the price of the home? How can I expect them to negotiate the best price for me? Is there different types of buyer's agents or something I am missing?
Thanks for your help.
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